Legendary Upstate NY Raceway Could See Checkered Flag to Make Way For Housing

If you live or pass through Saratoga County, you know that development is everywhere. Now a historic staple in Malta may be closing after sixty years to make way for more retail and housing.

The Albany-Saratoga Speedway in Malta has been home to modified stock car racing since the 1960s but now it's being looked at as prime real estate. The racing around the dirt track may be seeing the checkered flag.

The land that encompasses fifty acres is located just off of Route 9 in Malta and nearby to Saratoga and the Northway. This makes the Albany-Saratoga Speedway property prime real estate.

According to the Albany Business Review, the Five Quarters Development Group wants to build a multi-purpose development. It would include about seven hundred apartments and townhouses. There would be affordable housing, senior housing, and market-rate homes. Plus there will be twenty thousand square feet of retail space.

The developers are hoping to get Malta's approval and in turn, start to create affordable housing under Governor Hochul's initiative.  There is a process to this huge project so racing would continue at the Albany-Saratoga Speedway this season and next. Next year will be the raceway's sixtieth anniversary and may be its last.